The Chart du Jour
Reader Thomas Hoi has correctly identified our no-name chart as the 1936-1937 Dow Jones -- a secondary rally attempt before another gut-wrenching decline in the latter part of the depression. We offer him our congratulations and will be shipping his champagne prize shortly.
SMU college student Robert Franklin Bumpus IV also suggested "mid-to-late 1930's Dow" and has been awarded a second prize of a book on fractal theory and Elliott Wave. Well done!
Now it simply remains to be seen if my own analysis as to what this chart may equate to in the year 2001 comes to pass. For the moment, markets are continuing to meander, but by mid-to-late June we expect some fireworks in financials to the downside -- perhaps akin to the chart above. Stay tuned.
It may also be of interest to some that because so much time (and thus timeliness) has now transpired, we recently released three of our 2000 subscriber-only articles. These now appear under the public Earlier Articles section of the website. Perusing through them may give one a sense of the added premium level of analysis we provide to subscribers.
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